Maintaining compliance with government regulationsĪny way you approach it, it’s a complex, detail oriented, and time-consuming job that’s often misunderstood.Updating federal, state, and local tax guidelines.Maintaining eligibility for tax credits.Handling Social Security and Medicare (FICA) deductions.Tracking employee benefits, eligibility dates, and enrollments.Calculating and submitting quarterly and year-end payroll taxes.Managing payroll requires expertise with: Whether you outsource payroll administration or handle it yourself, there’s a lot to keep track of. Each solution has its pros and cons, depending on a business’s needs. Some organizations choose to use payroll software or opt for an all-in-one HR software that also manages payroll.
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March 2023
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